The "R" word - Mercedes-Benz Forum
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post #1 of 23 (permalink) Old Yesterday, 11:16 AM Thread Starter
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The "R" word

Yes, recession...

Germany's economy and much of Europe's is contracting. Japan is flat. China continues to battle a tariff war it didn't ask for and here at home those same tariffs are spooking everyone... DJ down 670 as I write.

So, should we start the clock?
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post #2 of 23 (permalink) Old Yesterday, 11:30 AM
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I think it already started...needless trade war[s], unclear policy, generally pissing off the world just because...

Recessions are like driving down the road, navigating only with your rear view mirror- you don't know you are in one until it's too late

Remember, a recession is when you had two quarters of negative growth

A depression is when you don't have two quarters
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post #3 of 23 (permalink) Old Yesterday, 12:12 PM Thread Starter
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Originally Posted by sualk54 View Post
I think it already started...

....

Remember, a recession is when you had two quarters of negative growth


Does not compute.
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post #4 of 23 (permalink) Old Yesterday, 02:29 PM
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Quote:
Originally Posted by GreenT View Post
Yes, recession...

Germany's economy and much of Europe's is contracting. Japan is flat. China continues to battle a tariff war it didn't ask for and here at home those same tariffs are spooking everyone... DJ down 670 as I write.

So, should we start the clock?
I figure there's one more pump left in the market, the really rich guys have a pretty good channel they're trading in. The financial reports really haven't been bad at all, even with the tariff BS that's going on. The fed will save us all.

Next year, however, all bets are off. Kinda overdue, and it's an election year.


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Since election day, the DJIA is up, wait for it....6%.

In total.
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post #6 of 23 (permalink) Old Yesterday, 02:50 PM Thread Starter
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The yields on short-term U.S. bonds have eclipsed those of long-term bonds for the first time since '07.






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post #7 of 23 (permalink) Old Yesterday, 02:56 PM
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The entire Euro Zone is bankrupt with zero growth. The failed German, Italian, Spanish and French banks are loaded with sovereign bonds so they created negative rates to repair their balance sheets since they can't afford to bail them out. They never wipe out debt they monetize it to suckers like Greek, French and Spanish tax payers to infinity. It’s all coming home to roost.
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post #8 of 23 (permalink) Old Yesterday, 02:57 PM Thread Starter
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Trade wars are good and easy to win, and also why wonít the Fed take action to offset the damage of my trade wars?...





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post #9 of 23 (permalink) Old Yesterday, 03:06 PM
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post #10 of 23 (permalink) Old Yesterday, 03:20 PM Thread Starter
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The government is expected to spend roughly $1 trillion more than it brings in through revenue this year, adding to a ballooning deficit. Business investment has begun to contract -- largely due to the uncertainty surrounding President Trumpís trade war -- and manufacturing hiring has receded. The big hiring and investment announcements that piled up at the beginning of the Trump administration have ceased, as have the announcements of bonuses and pay increases that came after a tax cut law was passed in 2017.

Several White House officials have become concerned that the economy is weakening faster than expected, but they are not working on proactive plans to change its course. The Treasury Department has had an exodus of senior advisers in recent months, and the White House just announcement a replacement for its chairman of the Council of Economic Advisers.

Instead of rolling out new policies, Trump and other top aides have escalated their attacks on the Federal Reserve, trying to pin much of the U.S.ís problems on what Trump alleges is elevated interest rates that are strangling growth.

In a series of Twitter posts on Wednesday, Trump appeared to try and calm investors while also unloading vicious language aimed at Powell, whom he nominated in late 2017.

The Mooch was right...



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